Looks like Chrysler is in a lot of trouble. By Rhino
Posted July 25th, 2008 by rhino
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Earlier today, they stopped all leases. Now dealerships do not have access to the finance window at Chrysler.
UPDATE: CNBC is now somewhat backing away from the claim that the dealerships do not have access to the financing window.
The ball is starting to pick up speed.
There is still time.
Be patient, pray, and meditate.
And by all means, take precautions.
WAHOR!!
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the truth is the WHOLE
the truth is the WHOLE FRIGGIN THING IS FUBAR'D!
as for me and my home, we shall worship the LORD
The truth is,we do not know the truth.
meditate,pray,light some incense.
We all have our roles.
Chrysler
I work there and I am on my third week of downtime, got a letter today that it is being extended another week. IMPEACH BUSH!!!
I will pray for you tonight.
God Bless.
WAHOR!!
That's really big news. I
That's really big news. I work for GMAC Automotive Financing, for another week at least. The article says its due to falling resale values. They don't mention that Chrysler Financial and Ford Motor Credit have been very lenient on purchasing lease contracts in order to help sell more vehicles. Fortunately GMAC started tightening up auto lending standards over a year ago, it's just the mortgage company that wasn't smart enough to do that : )
Source???
Man was born to be free and independent
Sorry, no link.
But it is all over CNBC.
WAHOR!!